The final result of economic equality makes everyone equally poor. What’s the best way to get wealth in the hands of people? There are several methods. The most popular (and destructive) is for the wealthy to be taxed so their “excess” wealth can be redistributed to the less fortunate. This works for a time until productive people tire of working for other people at the behest of a third party – the State.
This is the thesis of Ayn Rand’s Atlas Shrugged. What would happen if all the productive people decided not to be productive anymore? I’m not a supporter of Rand’s overall philosophy, but on this point she is on the money.
Another method is private charity. People with money are encouraged to help the less fortunate. There’s a lot of this going on in America. There always has been. Americans are a charitable people. Of course, charity can also create the often unintended consequences of dependency and entitlement. Years ago, my company published George Grant’s book Bringing in the Sheaves: Transforming Poverty into Productivity (free download). It was designed as a manual to show how charity work should be done.